Equities analysts expect Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) to post sales of $240.1 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Kulicke and Soffa Industries’ earnings, with estimates ranging from $240 million to $240.2 million. Kulicke and Soffa Industries posted sales of $216.41 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 2nd.

On average, analysts expect that Kulicke and Soffa Industries will report full-year sales of $240.1 million for the current financial year, with estimates ranging from $759.5 million to $764.3 million. For the next financial year, analysts expect that the business will post sales of $804.8 million per share, with estimates ranging from $800 million to $809.6 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Kulicke and Soffa Industries.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. The company had revenue of $199.60 million for the quarter, compared to analysts’ expectations of $190.89 million. Kulicke and Soffa Industries had a return on equity of 7.88% and a net margin of 9.39%. The business’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share.

KLIC has been the topic of several research analyst reports. Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 5th. B. Riley reaffirmed a “buy” rating and set a $22.00 price objective on shares of Kulicke and Soffa Industries in a research note on Tuesday, January 17th.

Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) opened at 21.72 on Wednesday. The stock’s 50 day moving average price is $20.82 and its 200-day moving average price is $18.35. Kulicke and Soffa Industries has a 12-month low of $11.16 and a 12-month high of $23.00. The company has a market cap of $1.54 billion, a PE ratio of 17.80 and a beta of 1.21.

In other Kulicke and Soffa Industries news, insider Yih-Neng Lee sold 8,641 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $20.93, for a total transaction of $180,856.13. Following the sale, the insider now directly owns 50,897 shares of the company’s stock, valued at $1,065,274.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Kulicke and Soffa Industries by 909,858.7% in the first quarter. BlackRock Inc. now owns 5,532,549 shares of the semiconductor company’s stock valued at $112,421,000 after buying an additional 5,531,941 shares during the period. BlackRock Fund Advisors boosted its stake in Kulicke and Soffa Industries by 8.5% in the third quarter. BlackRock Fund Advisors now owns 3,182,061 shares of the semiconductor company’s stock valued at $41,144,000 after buying an additional 248,103 shares during the period. Renaissance Technologies LLC boosted its stake in Kulicke and Soffa Industries by 5.1% in the fourth quarter. Renaissance Technologies LLC now owns 2,495,428 shares of the semiconductor company’s stock valued at $39,802,000 after buying an additional 120,700 shares during the period. Royce & Associates LP boosted its stake in Kulicke and Soffa Industries by 11.1% in the fourth quarter. Royce & Associates LP now owns 1,865,621 shares of the semiconductor company’s stock valued at $29,757,000 after buying an additional 186,333 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Kulicke and Soffa Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,823,711 shares of the semiconductor company’s stock valued at $37,059,000 after buying an additional 111,157 shares during the period. 83.32% of the stock is currently owned by institutional investors and hedge funds.

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About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools.

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